Oppenheimer Cites Healthy Overal Demand, Reiterates “Outperform” Rating On ServiceNow (NOW)
Key takeaways
- Oppenheimer Cites Healthy Overal Demand, Reiterates “Outperform” Rating On Service Now (NOW) Faheem Tahir Mon, June 1, 2026 at 8:48 PM GMT+7 2 min read NOW OPY Service Now, Inc.
- On May 26, 2026, Oppenheimer reiterated an “Outperform” rating and $130 price target on ServiceNow, Inc.
- The firm said overall demand and new software spending within the installed base appear healthy despite pressure on headcount growth.
Oppenheimer Cites Healthy Overal Demand, Reiterates “Outperform” Rating On Service Now (NOW) Faheem Tahir Mon, June 1, 2026 at 8:48 PM GMT+7 2 min read NOW OPY Service Now, Inc. (NYSE:NOW), with significant hedge fund interest, ranks among the 10 best Saa S stocks to buy according to hedge funds. As of Q1 2026, 108 hedge funds held bullish positions in the stock, representing $5.45 billion in aggregate value.
On May 26, 2026, Oppenheimer reiterated an “Outperform” rating and $130 price target on ServiceNow, Inc. (NYSE:NOW) after conducting interviews with 64 customers to assess enterprise IT budget trends, AI adoption, and growth plans.
The firm said overall demand and new software spending within the installed base appear healthy despite pressure on headcount growth. AI, IT, Risk, and Security solutions were cited as top investment priorities among surveyed customers. Oppenheimer said the findings raise conviction for a stronger second half of 2026 and potential reacceleration in 2027. The firm also noted some customers expressed concern that AI agents replacing entry-level support roles could erode the talent pool needed for higher-tier positions.